This Week: Bloomberg/Goldman; IHS Markit/MSCI; TP Icap; and more

As a first phase of the collaboration, IHS Markit has launched sustainability-focused iBoxx MSCI short maturity corporate bond indices in three currencies (EUR, USD, GBP). The new iBoxx MSCI ESG indices exclude issuers in business lines or activities defined by MSCI ESG business involvement screens. Inclusion in the indices is also restricted to issuers with MSCI ESG ratings of BBB and above, and those in compliance with the United Nations Global Compact principles, which demonstrates a quantified commitment to ESG standards in operations, products and services.

TP ICAP Data and Analytics Goes Live with MDX Technology Solution 

Interdealer broker TP ICAP’s Data and Analytics business has gone live with data software vendor MDX Technology’s data distribution solution. This is being implemented to support increasing client demand for flexible access to premium content by broadening data distribution channels to Microsoft Excel, web portals, mobile apps and Symphony apps, supplementing TP ICAP’s Data and Analytics division’s existing channels to market.

Designed to enhance the firm’s overall data distribution capabilities, MDXT has been integrated with TP ICAP’s Data and Analytics division’s core infrastructure to collect real-time data for direct distribution to clients via multiple end points. 

DTCC Launches API Marketplace to Transform How Clients Access Services

The Depository Trust and Clearing Corporation (DTCC) has launched its API Marketplace to provide clients, partners and internal developers with a single, central location for APIs developed by DTCC.

DTCC’s Marketplace is an online DTCC API “App Store,” allowing direct programmatic access to DTCC processing functionality. The Marketplace includes documentation and training materials to help developers use the APIs.

DTCC recently launched its first API for its Risk Management as a Service (RMaaS), and is developing additional APIs for other DTCC products and services, including one that will help clients to submit, update, and query new and existing claims against corporate action events. Future APIs will be launched later this year and beyond.

Lothian Pension Fund Implements Charles River’s OMS

Edinburgh-based Lothian Pension has completed its implementation of the Charles River Investment Management Solution (IMS). The pension scheme manages £8.5bn of assets on behalf of more than 85,000 members.

“With an ambition to increase our internal investment capability and to eliminate the gap between us and the quality managers in the market, we’re strengthening a number of areas of our team, and partnering with Charles River gives us access to core technology which supports our operations and compliance arrangements,” said Lothian CEO Doug Heron, in a statement. “Charles River’s solutions provide us with the data and trading capabilities which allow us to stay up-to-date with state-of-the-art trading capabilities and remain compliant with ever-changing regulations.”

Cloud9, GreenKey Team Up for Voice

Communications vendors Cloud9 Technologies and GreenKey Technologies are teaming up to provide institutional traders with a solution to extract data from trades executed over the phone. The partnership pairs Cloud9’s C9 Trader voice collaboration platform and GreenKey’s speech recognition and natural-language processing engine within IPC’s Connexus Cloud financial ecosystem.

The collaboration will allow customers to verbally populate their desktop applications—i.e., trade tickets, exchange clearing portals, and CRM systems—and can be used by compliance officers for the purpose of trade reconstruction. Additionally, Cloud9 and GreenKey will be able to identify all products, pricing, and counterparties within the C9 audio recording, then provide users with a full report detailing the data.

Finra Approves Old Mission’s Buy-Side ETF Play

Market-maker Old Mission Holdings has received approval from the Financial Industry Regulatory Authority (Finra) for a brokerage license modification for its Old Mission Markets subsidiary that will enable the entity to begin offering trading services directly to buy-side institutions and ETF issuers later this year.

The company has also hired Bryan Christian as head of business development and strategy, and Harry Whitton to serve as head of ETF sales and trading.